What Is Refinancing

What Is Refinancing

Refinancing is the process of obtaining a new mortgage in an effort to reduce monthly payments, lower your interest rates, take cash out of your home for large purchases, or change mortgage companies. Most people refinance when they have equity on their home, which is the difference between the amount owed to the mortgage company and the worth of the home.

• Tips for Consumers Refinancing their Homes – Some things to think about before deciding to refinance.
• Is it Time to Refinance? – How you can tell you are in the best position to refinance.
• When Should We Refinance? – How refinancing at the right time can help you increase equity and pay lower interest rates.
• Home Mortgage Refinancing while in Bankruptcy – When filing for bankruptcy, refinancing a home mortgage loan can ease your burden.